Todays SBA Financing Tip: Owner Training After The Deal Is Closed Is Critical For Financing - Lenders require that their be a transition period between the past owner and the new buyer coming in to operate the business. Typically one to three months is the norm, but lenders always like more if possible. Buyers should insist on a training period/transition in their Letter Of Intent and Purchase Agreement if they are considering financing to buy a small to mid-sized business.
Todays Featured SBA Pre-Qualified Businesses For Sale:
1. Oregon based
food distributor company for sale - This is a very successful distribution business that has been servicing central & eastern Oregon food and beverage industry since 1994. The business is still operated the founders who continue to work the business full-time. This business has seen consistent growth in sales and profits since the doors opened over a decade ago and there is no end in sight. The business distributes multiple products types (details available after qualifications & confidentiality agreement signed). The product set maximizes revenue per account by facilitating broad spectrum of client needs.
Hours Of Operation: Monday – Friday, 7am – 5pm
Inventory: Valued At $75,000. Will Be Counted Before Closing And Price Adjusted Accordingly.
Furniture, Fixtures & Equipment: All Operational Equipment Will Transfer With The Sale.
Annual Sales: $1,717,883 In 2006 And Growing
Seller’s Discretionary Earnings (Profit): $363,387 In 2006 And Growing
Price & Terms:
Base Price = $1,755,000
Inventory = $75,000
Asking Price = $1,830,000. Deal Structure: Price: $1,830,000, Adjusted Net: $363,387. For details go to: http://www.usabizmart.com/businesses/120728.php
2. Brooklyn, Kings County, New York based
car wash business for sale - Established for over 7 years car wash with detailing center and 1800 sqf accessories store. 65 foot tunnel, washing 35,000- 40,000 cars per year with an average cost of aprox.$14- $16. Equipment is 5 years old. Business open 7 days, M-Th 7am-7pm, Fr-Sat 7am-11pm, Sun 8am-7pm.
General Information
Facilities: Car wash located on busy street in Brooklyn. Business occupies 10,000 square feet at rent $7,400 includes tax. 30 years lease. Parking for 15 cars. Deal Structure: Price: $1,200,000, Adjusted Net: $212,000. For details go to: http://www.usabizmart.com/businesses/120731.php
* Note: These businesses have been business pre-qualified only - buyers of these businesses will also have to be pre-qualified - before SBA loan business purchase financing may be obtained. Approximately 32 different factors (buyer/seller info) are evaluated in the SBA loan process for business purchase loan financing.Technorati Tags:
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